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Schlumberger - SLB STOCK NEWS

Welcome to our dedicated page for Schlumberger news (Ticker: SLB), a resource for investors and traders seeking the latest updates and insights on Schlumberger stock.

Schlumberger (SLB), a global leader in oilfield services and energy solutions, provides cutting-edge technology for reservoir characterization, drilling optimization, and sustainable energy projects. This page serves as the definitive source for verified company updates, offering stakeholders timely access to operational developments and strategic initiatives.

Investors and industry professionals will find curated press releases covering quarterly earnings, technology partnerships, and sustainability advancements, including updates on SLB Capturi's carbon capture solutions. The collection spans operational milestones across drilling services, production enhancements, and geothermal energy innovations.

All content is organized to highlight SLB's engineering expertise in complex projects while maintaining neutral reporting standards. Bookmark this page for streamlined access to essential updates about the company's global operations and energy transition strategies.

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SLB OneSubsea and Subsea7 have been awarded an integrated contract by OKEA for the development of the Bestla Project in the North Sea. The project aims to accelerate subsea tieback delivery to aging platforms for profitable and sustainable marginal field development. The contract involves the delivery of a subsea production system and installation of flowline systems, spools, and protection measures by the partnership. The field is estimated to contain 24 million barrels of oil equivalent, with first oil targeted for Q4 2026.

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SLB has signed a long-term strategic collaboration agreement with Equinor ASA and the Subsea Integration Alliance for the Wisting field and Bay Du Nord projects. The agreement focuses on early engagement, technology innovation, and collaborative benefits to unlock more subsea projects economically. This partnership solidifies OneSubsea and Subsea7's positions as trusted contractors to Equinor, with immediate work commencing on concept studies for the projects.

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SLB reported strong first-quarter 2024 results with revenue of $8.71 billion, a 13% year-on-year increase, and net income of $1.07 billion, up 14% year-on-year. The company announced a target to return $7 billion to shareholders over 2024-2025. International revenue grew 18% year-on-year, compensating for a 6% decline in North America. SLB CEO Olivier Le Peuch highlighted revenue growth, EPS increase, and adjusted EBITDA growth of 15%. The company aims to continue its momentum in the coming quarters.
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SLB has been awarded three completion contracts by Petrobras for the development of the Buzios Wave II oilfield, focusing on electric and digital-ready completions. The contracts aim to support Petrobras' move toward production system electrification, enhancing completion reliability and production availability. The technology developed at SLB's Taubaté Engineering Center in Brazil will be utilized in the Buzios field and potentially benefit other operators in Brazilian pre-salt fields.
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SLB to Acquire ChampionX in All-Stock Transaction to Strengthen Production Space Leadership. SLB to Increase Shareholder Returns to $3 Billion in 2024 and $4 Billion in 2025. Annual Synergies of $400 Million Expected within Three Years.
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SLB and Aker Carbon Capture are merging their carbon capture businesses to accelerate industrial decarbonization. SLB will own 80% of the combined entity, aiming to revolutionize carbon capture technology for global markets.
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SLB (NYSE:SLB) will hold a conference call on April 19, 2024, to discuss the first quarter results ending March 31, 2024. The call is set for 9:30 am US Eastern time with a press release at 7:00 am. Access details provided for call and webcast. Replay available until May 19, 2024.
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Nabors Industries Ltd. reported a net loss of $17 million in Q4 2023, compared to a loss of $49 million in Q3. Operating revenues for the full year 2023 were $3.0 billion, a 13% increase from the prior year. Adjusted EBITDA for 2023 was $915 million, a 29% year-on-year growth. The company's segments, including Nabors Drilling Solutions and Rig Technologies, also saw positive growth. The company announced collaborations and business combinations, showing promising future prospects.
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SLB (NYSE: SLB) reaffirms its full-year 2024 financial guidance despite Saudi Aramco's decision to maintain Maximum Sustainable Capacity at 12 MMBD. CEO Olivier Le Peuch expresses confidence in significant growth in the Kingdom and global energy demand, emphasizing the strength and longevity of the cycle through 2024 and beyond.
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SLB (NYSE: SLB) announced a significant step toward fully autonomous drilling operations at Equinor's Brazilian Peregrino C platform. Over a five-well program, a 60% increase in rate of penetration was achieved, resulting in faster well delivery while reducing cost and carbon emissions. Multidisciplinary experts collaborated to design and implement interconnected autonomous workflows, enabling the system to seamlessly drill the section. The platform combines apps, AI, physics-based science, and free-flowing data to accelerate and improve exploration, development, drilling, production, and new energy operations.
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Schlumberger

NYSE:SLB

SLB Rankings

SLB Stock Data

49.60B
1.36B
0.23%
89.16%
5.69%
Oil & Gas Equipment & Services
Oil & Gas Field Services, Nec
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United States
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